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    Des Moines, IA Sioux City, IA Cedar Rapids, IA Waterloo, IA Dubuque, IA Iowa City, IA Ankeny, IA Cedar Falls, IA
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    Des Moines Apartment Community
    Updated: Mar 24
    Des Moines Apartment Community

    2519 Clarkson Ave, Des Moines, IA 50310

    $2,655,000
    27,360 sqft
    Renovated Units: All 45 units are already renovated.
    Prime Location: Highly accessible location at the intersection of Douglas Avenue and MLK Jr Parkway.
    Strong Employment Hub: Close proximity to major employers.
    Recent Property Enhancements: Includes a new asphalt parking lot, newer boilers and hot water heaters, newer windows, and a new roof on Building C (2026).
    Value‑Add Opportunities: Potential to increase returns by converting the former leasing office and implementing a gas utility reimbursement program.
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    This listing looks promising.

    Here's a quick look at some key insights for

    2519 Clarkson Ave, Des Moines, IA 50310

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    • Est. Cap Rate

      8.6%
      Above avg (5.9%)

    • Est. NOI

      $228K
      Annual

    • Price @ 7% Cap

      $3.26M
      Above asking

    • Property Type

      Apartments (Generic)
      Built 1962
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    Side-by-Side Duplex Portfolio
    Updated: Jun 10
    Side-by-Side Duplex Portfolio

    707 & 715 E Mckinley Avenue, Des Moines, IA 50315

    $590,000
    3,499 sqft 0.67 AC lot
    Side‑by‑side duplexes at 707 & 715 E. McKinley Ave., offering 4 total units in one portfolio setup.
    Per seller, all four units have 3 bedrooms plus additional finished basement square footage; walkout basements and spacious backyards.
    Combined gross monthly income for both duplexes is $4,893.
    Tenants pay all utilities, including water, sewer, storm water, gas, electric, lawn care, and snow removal.
    Recent updates include new furnace and A/C (2023) and a replaced water heater (2024) at 715 E. McKinley Ave.
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    Des Moines Multifamily Investment Opportunity
    Des Moines Multifamily Investment Opportunity

    2931 Kingman Boulevard, Des Moines, IA 50311

    $385,000
    3,367 sqft 0.26 AC lot

    Five-unit property in Kingman neighborhood with off-street parking.

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    Duplex with Separate Driveways
    Duplex with Separate Driveways

    2525 51st Street, Des Moines, IA 50310

    $469,900
    4,135 sqft 0.49 AC lot

    Duplex on a nearly half-acre lot with separate driveways, updated interiors, and a detached two-car garage.

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    Des Moines Multifamily Investment Opportunity
    Des Moines Multifamily Investment Opportunity

    2127 Indianola Avenue, Des Moines, IA 50315

    $2,250,000
    14,336 sqft

    35-unit multifamily property near Des Moines CBD.

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    Grand Avenue Multifamily Investment
    Grand Avenue Multifamily Investment

    3103 Grand Avenue, Des Moines, IA 50312

    $595,000
    3,967 sqft 0.53 AC lot

    Multi-family property with strong income potential in desirable Grand Avenue.

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    Duplex Portfolio with Four Units
    Duplex Portfolio with Four Units

    801 & 807 E Mckinley Avenue, Des Moines, IA 50315

    $550,000
    3,499 sqft 0.28 AC lot

    Two side-by-side duplexes offer four 3-bedroom units with finished basement space and tenant-paid utilities.

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    Split-Level Duplex with Private Driveways
    Split-Level Duplex with Private Driveways

    1517-1519 NW 2nd Street, Ankeny, IA 50023

    $325,000
    952 sqft 0.25 AC lot

    Owner-occupant friendly duplex with two split-level units, updated kitchens, and private driveways for each home.

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    32-Unit Multifamily Community in Ankeny, Iowa
    32-Unit Multifamily Community in Ankeny, Iowa

    218 Northwest State Street, Ankeny, IA 50023

    $2,395,000
    25,600 sqft

    Well-maintained 32-unit apartment complex in Ankeny, Iowa.

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    Duplex Residential Income Property
    Duplex Residential Income Property

    4025/4027 79th Street, Urbandale, IA 50322

    $279,900
    1,408 sqft 0.26 AC lot

    Duplex for sale with two bedrooms, full bath, and a walkout basement with convenient laundry and private outdoor space.

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    All-Brick Duplex with Detached Garage
    All-Brick Duplex with Detached Garage

    1000 Hoffman Avenue, Des Moines, IA 50316

    $280,000
    1,404 sqft 0.21 AC lot

    Well-maintained duplex with detached 2-car garage and updated roof and central air systems.

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    Turnkey Duplex with Updated Interiors
    Turnkey Duplex with Updated Interiors

    410-412 SE Magazine Road, Ankeny, IA 50021

    $375,000
    1,968 sqft 0.25 AC lot

    Well-maintained duplex offering two 2-bedroom, 1.5-bath units with updated finishes and added off-street parking.

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    Walkout Duplex with Rental Certificate
    Walkout Duplex with Rental Certificate

    815 E Mckinley Avenue, Des Moines, IA 50315

    $290,000
    1,856 sqft 0.24 AC lot

    Two rented units in a walkout duplex with multiple recent mechanical updates and a valid rental certificate.

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    Value-Add Multifamily Apartment Community
    Value-Add Multifamily Apartment Community

    920 Meadow Lane, Des Moines, IA 50315

    $5,900,000
    6.86 AC lot

    102-unit apartment community across multiple parcels with surface parking in Des Moines, Iowa.

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    Ranch Duplex Investment
    Ranch Duplex Investment

    4021/4023 79th Street, Urbandale, IA 50322

    $279,900
    1,493 sqft 0.26 AC lot

    Duplex for sale with updated roof, siding, and HVAC, plus two bedrooms and private yard space.

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    Duplex with Two Income Units
    Duplex with Two Income Units

    1019/1021 Kirkwood Avenue, Des Moines, IA 50315

    $195,000
    1,586 sqft 0.16 AC lot

    Two separate residential units with included appliances, detached two-car garage access, and recent exterior and HVAC updates.

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    Sherman Hill Multifamily Investment
    Sherman Hill Multifamily Investment

    686 19th Street, Des Moines, IA 50314

    $499,900
    5,692 sqft 0.17 AC lot

    Historic Des Moines multifamily property with immediate returns.

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    Central Duplex Income Property
    Central Duplex Income Property

    1448 8th Street, Des Moines, IA 50314

    $119,000
    2,842 sqft 0.14 AC lot

    Duplex with a 3-bedroom and a 2-bedroom unit, each offering in-unit laundry and one bathroom.

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    Des Moines Duplex: Hybrid Income
    Des Moines Duplex: Hybrid Income

    6306 Urbandale Ave, Des Moines, IA 50322

    $249,000
    2,260 sqft

    Well-maintained duplex with long-term and medium-term rental income potential.

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    Des Moines Fourplex Investment Opportunity
    Des Moines Fourplex Investment Opportunity

    1148 36th Street, Des Moines, IA 50311

    $310,000
    2,509 sqft 0.34 AC lot

    Fourplex near Drake College, ideal for investors or owner-occupants.

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    Investor-Ready Six-Unit Apartment Building
    Investor-Ready Six-Unit Apartment Building

    1424 30th St, Des Moines, IA 50311

    $340,000
    3,851 sqft

    Well-maintained multifamily asset in Des Moines' desirable Drake neighborhood.

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    Brick Duplex with Two Metered Units
    Brick Duplex with Two Metered Units

    2806 Aurora Avenue, Des Moines, IA 50310

    $215,000
    1,569 sqft 0.25 AC lot

    Brick duplex with two separately metered units, each with dedicated HVAC and laundry, plus a fenced yard and tuck-under garage.

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    Luxury Mixed-Use Community in Des Moines
    Luxury Mixed-Use Community in Des Moines

    4362 Hickman Road, Des Moines, IA 50310

    Contact for pricing
    16,901 sqft

    42-unit mixed-use property with apartments, townhomes, and medical office.

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    Turn-Key Duplex with In-Unit Laundry
    Turn-Key Duplex with In-Unit Laundry

    1355 24th Street, Des Moines, IA 50311

    $260,000
    2,064 sqft 0.18 AC lot

    Two occupied 2BR/1BA units with independent layouts and washer/dryer setups, sold with appliances included.

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    Polk County, IA Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Polk County, IA, showcased through 63 active listings on our real estate platform. These investment opportunities span a total of 210,221 square feet of properties for sale, with an estimated market value of $29,235,153.

    Sale prices for multifamily properties in Polk County, IA start at $99,000, averaging $512,897, and reaching up to $3,417,227 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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